The rise of dangerous right wing elements in U.S. and global politics has not gone unnoticed by a wide range of individuals who are headed on the left of the political spectrum by hedge fund manager George Soros. Among the many different political donors and activists who are looking to develop a way of fighting the rising issue of right wing rhetoric is George Soros himself has described as dangerous and doing the work of ISIS in adding new members; Soros believes a powerful left wing alternative must be created to fight the alternative and extreme right wing groups and individuals who are making headway in U.S. politics. During the 2016 Presidential election process and in the days following the victory of President Donald Trump George Soros has found himself one of the leaders of the Democratic Party of the U.S. being looked to for guidance, according to Politico.
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The fight against the right wing has given George Soros a renewed level of vigor for his battles with some of the most extreme right wing leaders in the world. Not only has the newly elected U.S. President found himself in the firing line of the U.S. citizen who was born in Hungary, but Russian President Vladimir Putin has also seen fit to halt some of the work being done by the Soros founded Open Society Foundations. In the 1980s, George Soros made the decision to begin a philanthropic foundation that would morph into the global Open Society Foundations operating in more than 100 countries. The hedge fund manager who made a fortune Forbes ranks at around $25 billion in 2017 by gambling on foreign currency transactions understands global politics play a key role in the financial industry and every aspect of the life of people across the world.
Learn more about his profile at Forbes.com.
It was no secret that George Soros was backing Democrat and former Secretary of State Hillary Clinton in her bid to become the first female U.S. President, and spent an estimated $25 million on her campaign and support groups. This is not the first time the Holocaust survivor has decided he must lead the fight against a regime in the U.S. he has likened to the occupying Nazi forces he lived under the rule of during the last years of World War II; during the 2004 election as a financial donor for Democrat John Kerry Soros made clear his desire to defeat the incumbent President George W. Bush. George Soros is throwing his considerable financial weight behind a group of left leaning Super PAC’s and organizations he hopes will drive the Democrat’s back to power beginning with the 2017 and 2018 state and local elections to be held across the U.S.
Read more on NYTimes.com
Efforts to support refugee and migrant businesses in the US have received a major boost after hedge fund billionaire, George Soros promised a huge donation. According to a report published by Politico on September 9, George Soros will donate $500 million to support various migrant and refugee run businesses, social initiatives and startups in different sectors of the economy. The decision follows what Soros describes as the inability of various entities, including governments to come up with effective policies to handle refugees. This incapacity has contributed to the unending human misery and political instability. Soros echoed the same sentiments in an Op-Ed that appeared in the Wall Street Journal on September 6, 2016.
To stem the refugee and migrant crisis, governments and the private sector alike need to be at the forefront of developing a sustainable social and physical support infrastructure. Soros hopes to expand his initiative to cover refugees and immigrants in Europe and other parts of the world. The decision by Soros to inject $500 million to aid migrant and refugee businesses follow an earlier push by the Obama administration to invite US companies to support initiatives aimed at transforming the lives of refugees. The initiative is looking for investors with cash and kind to support the basic needs of refugees, migrants and the host communities. One of the sectors Soros believes can greatly turn around the crisis on its head is investment in digital technology.
The sector can easily bring government services, as well as health, financial and legal services closer to the people at little cost. Soros plans to work closely with the United Nations Office for Refugees (UNHCR), the International Rescue Committee (IRC) and other like-minded organizations to develop an investment framework of action for vulnerable groups. The decision, he believes, will inspire other investors in the private sector to come forth. Elsewhere, a report appearing on State.gov indicates that US is by far the world’s biggest contributor and supporter of vulnerable groups. In Syria, the US has contributed over $5 billion since the crisis began.
About George Soros
George Soros is a hedge fund billionaire, political activist, author and philanthropist. According to Wikipedia, the Hungarian born business mogul made his big break in 1992 during the UK currency crisis, when he made a short sale that earned him $1 billion. Today, Soros has a net worth estimated at over $25 billion. On the humanitarian front, Soros established the Open Foundation Societies in 1993, to support civic societies around the world by providing financial support and expertise in areas such as education, health, media and justice. The New York based foundation operates in over 100 countries. The self made billionaire has also written over 12 books on wide ranging topics, from globalization to the economy and the war on terrorism.
The Capitalist Threat
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